July 14, 2026 [Reuters]- Venture Global’s average liquefaction fee surged 69% in the second quarter to $6.45 per MMBtu, up sharply from $3.82 per MMBtu in the first quarter, thanks to elevated global LNG prices.
The fee increase was driven by the Iran war, which disrupted tanker traffic through the Strait of Hormuz and damaged Qatar’s liquefaction facilities, tightening LNG supply and pushing spot prices higher.
The company sold and recognized revenue on 466.4 TBtu of LNG during the quarter, slightly below the previous quarter’s 480.8 TBtu, with Calcasieu Pass and Plaquemines terminals exporting fewer cargoes.
Higher fees were achieved through a blend of spot market and short-term contract sales at elevated prices, mixed with lower-priced volumes under long-term agreements.
The Iran conflict created a temporary but significant pricing tailwind for U.S. LNG exporters like Venture Global by boosting demand for alternative supplies amid Middle East supply disruptions.
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